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now. >> conservatives at cpac calling for tax cuts, but the president telling republicans, they can hike them or take a hike in budget cuts . senate democrats are on his side, pushing one trillion in new taxings. is this why 7 out of 10 bosses are not hiring. this is bums and bears we'll get right to it. the bums and bears, to bin and jonas and john back from his mountain climb and jamull green. >> democrats are still pushing tax hikings. is that why the companies are not hiring? >> absolutely. alm they -- all they have to do is look at history or the state nearby. on the state lemp, - level. the states that grow the most jobs are the ones without income tax. we have had this discussion many times. every time we cut taxes, the economy has grown whether on the left with president kennedy or left with reagan. the left said clinton raised taxes and what is often ignored, clinton cut the capitol gains tax and he cut spending as aercentage of gdp. the obama administration want to go the opposite way, if they do they will make fdr a libitarian. >> jamull is it good or bad for the economy?
. >> not necessarily, david. >> that is the only way the government gets money e mack isn't it? >> taxes have to go up to pay the interest on all of the debt. i got to tell you something when you have federal reserve officials experiencing buyer's remorse over all of the u.s. treasuries they have been buying you have to say these must are supposed to bet smartest guys in the room if they are not liking the balance sheet loaded down with treasury debt and what they are trying to do to support the spending going on that is a gut reality check. >> rick, i know you are a lawyer and not an economist. >> but i play one on tv. >> the numbers don't add up, do they? >> the ryan up ins add up. >> could you think the obama numbers add up you? >> we haven't seen them yet. >> we have seen them and seen how he has spent. i'm not talking about pie in the sky. where he has spent. increased the size of the government by 20%. is it working? >> except you would agree that we are seeing the deficit come down each year is since 2009. >> good size now at 800 million? >> of course, it is not at a good size. it is getting be
from unspecified tax reform and doesn't identify single loophole in there that you would close. how is this honest accounting and how does this help lend legitimacy to the budget process that many americans feel has become kind of a farce? >> there are no budget gimmicks. in fact it's not our numbers that we're using. there's an independent referee that scores everybody's budget. they score our budget, the president's budget which doesn't exist yet but when he files it they will score that. in our budget they actually score the house budget to balance in ten years. and what paul does, a budget doesn't actually implement tax reform. it calls for tax reform. it calls on the various committees of jurisdiction to do certain things. we'll be calling on our natural resources and energy and commerce committee to increase energy production for example. that doesn't say exactly how to do it. that's what those committees do. so the ways and means committee will be called upon to implement tax reform and what we mean by tax reform is to close loop holes not in the the president's example to sp
chairman paul ryan. he says that it will balance the budget in 10 years without raising taxes by reducing spending over the next decade by 5.7 trillion. it would also repeal president obama's health care law and make changes to thed to and medicare. this portion of the markup is 2-1/2 hours. . under the structure we have developed we will begin by having presentations on the budget in our control by the majority and hour controlled by the minority i will make an opening statement and then mr. valholen will also make an opening statement. any other members may enter statements into the record. the remaining time left and then the minority will use the remaining time left in its hour. mr. valholen's time and my time will come out of our hour. after the presentations we will have a staff walk through which means members can ask questions they have. after the staff walk thru, we will proceed to the amendments in a structure that i have worked out with the ranking member the structure that we have had standing tradition of. i will describe that when we get to that point. we will do tier 1, 12,
plans to drastically curb spending, reform the tax code what increasing revenue and actually reform the budget in ten years, and the president is way behind his february 4th deadline to put forth a proposal and he doesn't have much time left. >> my goal is not to achieve a balanced budget just for the sake of balance. my goal is how do we grow the economy, but america back to work? >> america doesn't really have a budget right now, it has a continual resolution, which is an extension of an earlier budget. that expires on march 27th. if government goes beyond that without a patch, they could shut down. we're supposed to have an actual budget resolution voted on and in place by april 15th, but we're way behind on that. on may 18th, we're set to hit the debt ceiling. some say that could be the showdown. i want to bring in nancy, with the "new york times." andy, let's start with you. both sides put budgets out. everybody knows that neither of these budgets are going anywhere. what happens next? >> so, essentially, we're going to go through the same sort of continuing resolution process
. >> it is coming under criticism for fuzzy math. he uses revenue from unspecified tax return and does not identify a single leap -- the poll you would close. how is this honest accounting and how does this land and did it -- legitimacy to the budget process? >> there are no budget gimmicks in this document. it is not our numbers we're using. there is an independent referee, the congressional budget office, that scores everyone's budget. this for our budget, the president's budget. that will be the official number. they scored the house budget to balance in 10 years. a budget does not implement tax reform, it calls for tax reform. it calls on the various committees to do certain things. we will be calling on the natural resources and energy committee and commerce to increase energy production. that does not say exactly how to do it. the ways and means committee will be called upon to implement tax reform. what we mean is to close -- close loopholes. we closed loopholes to work overall rates. we have the highest corporate tax rate in the world right now. it makes america uncompetitive. instead of a
discusses the congressional debate over to ending and taxes, energy policy, and the committee's opposition to a carbon tax. newsmakers today at 6 p.m. eastern on c-span. >> on monday, the chair of the national republican committee will talk about the future of the republican party. he will release a plan called the growth and opportunity project. it's aimed at improving the electoral success of republican candidates. our live coverage ends on eight -- begins at eight ready -- .egins at 8:30 a.m. >> she spoke french inside the white house and gain the representation -- a reputation a reputat cleanly -- ion for being queenly. we will include your questions and comments on facebook and twitter and by phone at 9 p.m. eastern on c-span and c-span three. -sapann c-span radio and cp .org. >> a new plan would raise taxes by almost one dollar trillion almost onede -- dollars -- $1 trillion over a decade. this portion of the markup is about two and a half hours. >> good morning. our committee will come to order. we have a busy day. i want to welcome all of our members to date two. i want to mention
through taxes in this budget. it is like one and half trillion dollars in tax revenue . that is on top. 600 billion in higher taxes this yearnd on top of the more than one trillion in obama care taxings. >> this is it a blueprint. >> it doesn't balance anything. >> it is a blueprint for what the president and democrats want higher taxs and more taxes and they will spend until the bond market said hold it. you can't spend and sell debt anymore. >> i think it is fascinating the way he put a time stamp on it. like 10 years, it is way out there in the future. 10 years comes pretty quick. i think what is scary about this and the media lets him get away with is it because obama snds smart but what you strip down what he said it is actually pretty stupid. we can right now sell debt. but in 10 years suggesting we have a problem and that is not coming in like tomorrow, is stupid. listen, youment to give the president respect. bright guy but his statement stupid. >> adam, you agree with that? >> no, i don't. ip don't think that calling the president is stupid. >> his statement, his statement. >>
taxes you can take until you topple the entire economy. this is the challenge that this week will have. this week republicans will have a budget that balances in ten years. the democrats' budget never balances. no household can run that way. >> let me challenge you on this point because here is paul ryan this week, and he laid out very clearly what he thought the job was. let me play that. >> we think we owe the country a balanced budget. we think we owe the country solutions to big problems that are plaguing our nation -- a debt crisis on the horizon, a slow-growing economy, people trapped in poverty. we're showing our answers. >> right, but the answers rely on $700 billion in savings from interest. most of the deficit reduction comes from repealing the president's health care reform, which nobody thinks is going to happen. so how seriously should this be viewed as a roadmap for a balanced budget? >> it should be very serious, because budgets -- >> you're not going to repeal obama care. >> budgets are blue prints and priorities. we lay out. we think obama care should be repealed. the
>>> time to get big returns on your tax refund. precision cast parts an enindustrial company. >> metal parts for the automobile trucking jet aircraft businesses. earnings per share expected to grow a big 21% this year. >> morgan, like the company? >> the. >> reporter: on equity a little so so but i i really like this. >> boeing, the airline company has had a lot of problems with the batteries and dreamliners a and why do you like them now? >> taking a lot of orders and pay a dividend and brought strong earnings. >> the troubles behind them? >> not quite. worried about the battery issue and still a good pick. >> that is it for forbes on fox. have a wonderful weekend. thank is for watch. keep it right here as theyou wc number one business block captioned by closed captioning services, inc. one franchise owner get ready to pay for it burgers and dogs. taking your dog to the v is going to cost more too thanks to the healthcare law. healthcare regulations stacking up, now taller than the president, time to chuck it? >> chin in starts right now. >> eric: i'm eric bombing. glad to s
his own words. he says investments, and he means government spending. meanss revenue, and he taxes. he says dr. lincoln is in the library, and he means, "distract michelle. i'm going out for a smoke." remember, republicans agreed to raise taxes, and in exchange, we're supposed to be taking an ax to the budget. he wants to raise taxes again. remember this the next time some journalist asks a republican, cassette and are you saying you would not take $1 in tax hikes in exchange for $10 in budget cuts?"-- "are you saying you would not take $1 in tax hikes in exchange for $10 in budget cuts?" we are the indians and the obama administration are andrew jackson. we have been through this before. the democrats tripled the budget. it is not true that it was reagan's tax cuts that led to the deficit. the problem was for every additional dollar that came in to the internal revenue service, the democrats were spending another $3. then reagan's knuckle head of a vice president, the first george bush, unable to learn from the first kick of a mule, made the exact same deal with democrats. he raised t
? if you are tired of washington's high taxes and big spending here is one way to stick it to the man >> tom: okay, you go first. i'll be right behind you. i have seen a lot of tax protestors and they do put them in prison when they don't pay their taxes. yes, people go to jail. i'll let you fight the battle first. thanks to everybody that contacted the show. keep your comments coming in. tom sullivan show, we're open for business 24/7. check out our facebook page, and then tom sullivan show. there is a lot of tom sullivan show, you can follow me on twitter at sullivan radio and all the things to contact us on the web my main webpage which is tomsullivan.com. thanks for joining us. make sure to tune in to the radio show. listen in through our fox news radio app. download it from itunes. you can hear us online by clicking live button on my main website. we or radio every day from 3:00 to 6:00 p.m. eastern time. we'll have another great show for you to fox business, but in the meantime, i hope to hear you on the radio. lou: good evening, everybody. thank you for joining us. the dow jone
? if you are tired of washington's high taxes and big spending here is one w to stick it to the man >> tom: okay, you go first. i'll be right behind you. i have seen a lot of tax protestors and they do put them in prison when they don't pay their taxes. yes, people go to jail. i'll let you fight the battle first. thanks to everybody that contacted the show. keep your comments coming in. tom sullivan show, we're open for business 24/7. check out our facebook page, and then tom sullivan show. there is a lot of tom sullivan show, you can follow me on twitter at sullivan radio and all the things to contact us on the web my main webpage which is tomsullivan.com. thanks for joining us. make sure to tune in to the radio show. listen in through our fox news radio app. download it from itunes. you can hear us online by clicking live button on my main website. we or radio every day from 3:00 to 6:00 p.m. eastern time. we'll have another great show weekends. "the willis" report is coming up next. gerri: hello, i'm gerri willis live from the at atlantic city. tonight, new obamacare fees catching emplo
to include tax expenditures, a large part of our federal expenditures in the tax code. and the military also needs to be part of deficit reduction. we also need to do this in a select way. these across-the-board sequestration cuts are not how we as well govern. we should be specific as to which programs are priority programs and which programs can be cut. i think that's where we are trying to find common ground between the democrats and republicans. there are discussions taking place among my colleagues on both sides of the aisle to try to find that common area of agreement. >> shannon: we all as americans wish you the best. i want to give you a chance to respond to criticism from jeff sessions. he says the senate budget, proposed and voted on by the committee is full of gimmicks and raises taxes by $1 trillion and increases spending and has no plan and makes no claim to ever balance the budget? >> well, the democratic budget from the senate -- it has more deficit reduction than the simpson-bowles proposal that we all thought was the right framework, just 2 years ago, so i think it is seriou
sure everybody pays their fair share. we are for tax preparedness and for tax reform. but here's a cautionary tale very when you're trying to propose the increase of overall taxation, we have already increased the top marginal tax rates. almost 45%. bese businesses now will competing against corporations that are currently paying 35%. and there is a growing consensus that that is not competitive. there is a move to do corporate tax reform to lower that to 25%. so the engines of innovation are really the small businesses, the entrepreneurs were coming up with all these ideas. they will be competing at a 45% tax rate on their income versus larger corporations ain't 25%. corporations paying 25% your that is incredibly dangerous. we need to do something to tie the top -- through rate to the top corporations -- the top passed through rate to the top corporations. corporateking about deals versus legitimate business seductions. >> the vote has been called. i would like to make one more comment. >> if we handle the tax reform under reconciliation, it is a very limited look that we can
cut the deficit $1.8 trillion half through spending cuts and half through tax hikes. senator corker, let me start with you will senate republicans accept a tax increase if you get serious entitlement reform and cuts? >> i think senate republicans and all republicans want to see a 75 year solution to entitlements and i think republicans are joined in wanting to see tax reform so to the extent that generates revenues and how that is scored obviously that will be debated as we move ahead but i think all of us understand the real issues driving the deficit is in our o country are the entitlements. we want to see these available for generations to come. >> chris: but real quickly you you understand the price for entitlement reform in any deal would be a tax increase. would you buy that and what do you think are the prospects there willle be a deal sometime before this summer? >> well, again, i think there by the way is a chance on a deal. i know the president is saying the right things and we have an opportunity over the next four to five months i think that we will know when the preside
this week showing a wide gap, indeed, remains over spending and taxes. plans on the table both sides are taking to the airwaves to try to make their cases. peter doocy is live in washington. peter, does it look like either side is ready to give any ground? >> reporter: it depends on which interview you with a watched this morning, john boehner told abc news president obama already got the new taxes he wanted back in january so more taxes shouldn't even be on the table this time around, but another remember can bob corker indicated on fox that new taxes could be part of the discussion if democrats agree to serious entitlement reform. >> think republicans, if they true entitlement reform, would be glad to look at tax reform that generates additional revenues. that doesn't mean increasing rates. it means closing loop homes and arranging our tax system so we have economic growth. i think we've been saying that from day one. >> reporter: the house budget committee chairman paul ryan says he thinks president's trip to capitol hill to meet with republicans is a good start but he thinks the
taxes and all the things that reflect what conservatism was and presumably ought to be but that isn't enough now. jack said today in reaction to lugar's defeated if we continue to move towards purity we will move to your relevance and along the way the country in effect is going to go down the tubes. that i think is a clarion call and you get the clarion call coming from people liked chuck hagel and the lugar and jack danforth not just from us that all to shake people about where we are and where we are going. and what we would hope has happened is with a degree of penetration that still put us from the "washington post" piece before the book is that all that credibility that we have built up would get out there and designate with people but this isn't just a couple people coming from one end of the spectrum saying it is all the fault of the people of the other end and this isn't 100% default of one party. there is plenty of blame to go around but this is the case of the system that's grown in this function as one party and has become an insurgent out lawyer. it means not to disappe
taxes. there are less taxes going into the government. it is because the government cannot balance our budget, cannot act responsibly, cannot work together. host: paul on the air twitter p the " t " huffington post," -- sing on the elderly in theirr of americans 50s at risk of hunter grew by 40%. according to "the huffington post," rising gas prices as low as rising electricity is only exacerbating the trend among some of america's elderly. mike is on the phone in chicago. our question is what is the government's role when it comes to hunker in america? caller: i am a long time listener and a first-time caller. this kind of stuck in there with me. the problem with government is waste.ot watching the you have a lot -- you have an onslaught of people using link texting on iphones. they are taking advantage of the system. if our government to find out who really need it and give it to them -- people who can work should work. host: thank you for the call. to not be a stranger. if you have access to the internet, "the washington post" has this story on their website. the focus is on one rho
cautious proposal, one to one ratio spending cuts and new tax revenue. with all the coverage focusing on these plans, what you wouldn't know a third proposal, one that constitute as much stronger weight to the winding conservatism of the ryan budget. that alternative is the budget proposed a congressional progressive caucus which would add $2 trillion in new spending to create jobs and pay for it by raising taxes on the wealthy and corporations. the entire discussion about budgeting has been anchored on the right by all the attention of the ryan budget has gotten. even though it is billed as the democratic alternative this is for. the murray budget is in some ways closer to the ryan plan when you take the progressive proposal into account. check this out. the ryan budget would cut nondefense discretion airin funding, education transportation, other social services, 16% over ten years. according to the citizens for tax justice. end -- other end of the spectrum, progressive caucus budget which would increase that spending by nearly 28%. you may expect that murray's center left democrati
go about securing funding for the various graffiti programs? do you use grants, tax assessments, et cetera? anybody? >> i think i can take that. >> okay, ready. >> for anyone who didn't attend my session, i do a juvenile program where i take kids who have been convicted of graffiti crimes to do community service on saturdays. the way i do this is get a public grant from department of public works where we take kids out to graffiti hot spots, we paint over graffiti and they get a reduced fine and credit for probation officers. this is done through a public grant. it's a very effective program. we have been able to turn a lot of kids around, restore justice. we get a lot of positive feedback from the community, a lot of other officers are happy to get the overtime. and as an officer, you're really able to facilitate the program well because you are able to put on a lot of different hats, communicate with probation, you communicate with traffic court judges, with community referral center, and with station personnel. so, you really act as a good communicator and facilitator in the prog
on the same critical topics today. what are the fundamental issues? must begin with tax. we know ronald reagan spent much of his life trying to cut for the average american. he was convinced it is the man or woman on the street didn't understand their dollar more wisely than the federal government. when governor jeb bush was in office, he cut taxes some floridians $20 billion. let's talk about the size of government. when matt mccomas in the wake has house come he to medically reduce the rate of federal spending and strove to reduce the size of the federal government. governor bush was in office, he vetoed more than $2.3 billion in earmarks for higher state spending and reduce the size of the state's government payroll by 13,000 people. when ronald reagan cut taxes and reduce size of the national level, he did it to spread the free market, create opportunity and provide incentives for businesses to grow. over 20 million new jobs were created. and governor bush's state of florida, the similar philosophy and economic programs create a thriving city economy were 1.4 million net jobs were added du
for 2013, and adjusting the access line tax by the same rate. >> thank you. we have monique zamuda from the controller's office. >> good morning, members of the committee, monique zamuda deputy controller. consistent with the 911 fee requirements, the controller reviews on an annual basis, the consumer price index that allows us to set the fee based on the consumer price index that we have determined this past year to be 2.22%. and what is before you this morning is a resolution agreeing with that and authorizing us to increase the access line tax rate consistent with stpi adjustment. >> okay, thank you very much. colleagues, any questions for ms. zamuda? seeing none, we'd like to open this up to public comment. any members of the public who wish to comment on item number 1, please step forward. >>> good afternoon, budget subcommittee. ♪ you fell into a budget ring of fire the tax, it went it went all hire and it burns, burns, burns the ring of fire because your mind the taxes shine you walk the tax line because makes the tax shined you walk the line >> thank you, mr. paulson. (applau
trying to up to people who love tax revenue. you will get less tax revenue when the economy is smaller. this is something that the market understands. they want to see the economy grow. less in the future is better for the economy and markets. neil: that would mean no that if we are continuing on this trend, everything that the markets are celebrating right now, slobby sequestration, whenever you want to call it could be short-lived and there could be problems. what do you see happening? >> well, i think rand paul messages effective not only for the markets, but for the economy and the country at large because he is making a connection between economic liberty and prosperity. he understands that does look to the 20th-century. always the most prosperous countries are always the most free. and the message of essentially constitutionality, individual rights, that is tremendously bullish for the market. bullish for the economy. hitting the nail on the head. the fact that everything investors are seeing that we had a sequestered. this guy did not fall. there is still more work to be done in
out and share that conservative message of liberty and less government and lower taxes and individual responsibility. it is time we all stop preaching to the choir. let's grow. [applause] america already has one party that is expert at pitting groups against one another. we will never win a contest of identity politics. ee have to believe in america xceptionalism that no one is guaranteed success the everyone is guaranteed an equal opportunity at success. [applause] the greatest lie that the liberals tell is that government is the way to realize this. there is a reason that washington d.c. is an island of prosperity and it's a nation mired. the more it picks winners and losers, the more crony capitalists win, the more the rest of us lose. whether it is clean energy or free obama phones or prophylactics -- if he did not have a team of lobbyists in dc you are not at the table. you are on the menu. [applause] if mrs. thatcher with us here today she would remind as there is a big difference between being pro-business and being pro-free market. it is time for we, the people, to break out o
are the fundamental issues? we know ronald reagan spent much of his life trying to cut taxes for the average american. he was convinced that it was the man or woman on the street who knew how to spend their dollar more wisely than the federal government and he did all in his power to prove it by cutting taxes. governor jeb bush was in office he cut taxes on floridians by $20 billion. let's talk abut the size of government. ronald reagan was in the white house he dramatically reduce the rate of growth in federal spending and strove to reduce the size of the federal government. when governor bush was in office, he vetoed more than $2.3 billion in earmarks for higher state spending and reduce the size of the state government payroll a 13,000. when ronald reagan cut taxes and reduce the side of the government on the national level he did it with a purpose in mind. it was to spur the free market, create opportunity and provide incentives for businesses to grow. in his years in office over 20 million new jobs were created governor bush's state of florida is similar philosophy and economic or grams created
to strike, which is part tax increases and part this alleged spending cuts, nobody is really for that and too vague and also used the word gut g-u-t when it refers to medicare i think is the beginning of the 2014 mid term elections, where the democrats are going to come after the republicans and paul ryan on gutting or slashing, their words, medicare. and i think that that action, you see it in the-- the democratic congressional campaign committee twitter feed is really where the democrats are headed. >> jon: when the president says a balanced budget is not his goal, is that his words? >> i think most reporters are used to hearing this and bush must have said it at every state of the union and and it's sort of boiler plate when people promise it. i think expecting the president to say he wants a balanced budget is putting it in the republican paradigm. most liberals don't think it's the short-term goal. the goal is to avoid austerity and keep the economy moving and in the long run balance the budget, but it's not a short-term goal. >> jon: what about the interview, juan? step
even though republicans have given up $600 billion six weeks ago and saying you got your taxes and now we want to see some spending cuts. are those two positions in concrete and intractable? >> i don't think so. the only time i would flatten the tax code and i think that is a good idea, by the way, to eliminate a lot of the loopholes and deductions but what do you do with the money? i would like to put some on the debt and buy down tax rates particularly the corporate rate to create jobs. we need economic growth. for me to o do that he has to embrace entitlement reforms. social security and medicare are going bankrupt. a demographic change in the country. 10,000 baby boomers retire a day. medicare and social security are unsustainable. if the president will help me save medicare and social security and refor reform medii will flatten the tax code but not going to do one without the other. i'm looking for the biggest spending cut in the history of the country along with reforms to save medicare and social security from bankruptcy. then i will do revenue. >> mike: for the first time sinc
study committee discusses the congressional debate over spending and taxes, energy policy, and the committee's opposition to a carbon tax. that's today at 6:00 eastern on c-span. the joint chiefs of staff chairman will talk about the future of the persian gulf. iranmic sanctions against have increased tensions in the region. that begins at 12:30 p.m. on c- span3. blessed a crowd in st. peter's square following his election by a conclave of cardinals. he is the first south american pulp and he succeeds pope benedict xvi who resigned last month, the first pontiff to step down in 590 years. here are some of the highlights of his first appearance outside st. peter's square, courtesy of vatican tv. [bells ringing] [cheering and applause] ♪ ♪ ♪ [applause] [speaking latin] [speaking italian] -- [speaking latin] [cheering and applause] ♪ ♪ ♪ [applause] [applause] >> this week, vice president joe biden, house minority leader, nancy pelosi, and a bipartisan toegation will travel vatican city. travel with susanna martinez and the president of georgetown university. the de
down to the bottom line, the president believes that we have to have more taxes from the american people. we're not going to get very far. if the president doesn't believe that the goal ought to be to balance the budget, i'm not sure we're going to get very far. this is the whole issue, we have a spending problem here in washington. >> where is your trust level with the president? i mean, you're talking about these meetings as if they really didn't mean much. >> no, the president and i have a very good relationship. we're open with each other. we're honest with each other. but we're trying to bridge some big differences. >> so, do you trust president obama? >> absolutely. >> absolutely? >> absolutely. there's no issue there. >> listen to what president obama told george stephanopoulos about the debt this week. >> we have already cut $2.5 trillion, $2.7 trillion out of the deficit. if the sequester stays in, you got over $3.5 trillion in deficit reduction already. so, we don't have an immediate crisis in terms of debt. in fact, for the nen ten years, it's going to be in a sustainab
's a serious blow to your budget -- like getting hit with a new tax coming right out of your pocket. over the past four years, as part of our all-of-the-above energy strategy, we've taken steps to soften that blow by making sure our cars use less gas. we've put in place the toughest fuel economy standards in our history so that by the middle of the next decade, our cars will go twice as far on a gallon of gas. over the life of a new car, the average family will save more than $8,000 at the pump. but the only way we're going to break this cycle of spiking gas prices for good is to shift our cars and trucks off of oil for good. that's why, in my state of the union address, i called on congress to set up an energy security trust to fund research into new technologies that will help us reach that goal. here's how it would work. much of our energy is drawn from lands and waters that we, the public, own together. so i'm proposing that we take some of our oil and gas revenues from public lands and put it towards research that will benefit the public, so that we can support american ingenuity wit
no tax dollars for operating expenses and relies on the sale of postage, products and services to fund its operations. and the usps says it makes more money than it spens because of the networking that happens here. critics point out the post office is a monopoly that shouldn't need to spend millions of dollars to network. they say that given the agency is $16 billion in debt, the usps is out of touch. >> we are a nation in austerity. the postal service is deep, deep in the hole. toe to see they are having a lav inch conference with golfing outings and a dance party -- it is beyond the pale. >> reporter: in a letter he fired off to the post master, a congressman said, quote, spending millions to participate in a conference seems to exhibit extremely poor judgment by usps judgment... it is getting close scrutiny in washington, as the house oversight committee holds formal hearings into wasteful travel by governmenties. >> jamie: cloud claudia, great to see you. thanks. >> eric: so you are building your financial nest egg for years, but what if life takes an unexpected turn and have you
taxes, do they believe that the democrats will just cave with no compromise? >> alex, you may know i was one of the few republicans who was saying that we a bit more revenue, but also through tax reform. i made that case all the way up to the fall. and when begot up to the fiscal cliff, i was hoping that the agreement would incorporate spending reductions as well. it was $73 billion of increased taxes. so i voted no for it. i'm really asking me democratic colleagues to help us address spending, our budget goes up by about 3.45%. both of them go up, it's just that the democrats are going up really far higher. >> but representative ridgeal, are there others who are like minded like you in the party? how many? >> but there are some, but i do want to make the point who are that it truly is spending that's driving this train and i was very disappointed in our president when after the election, he put it this way, he said we need to begin to take a look at how we reform titlements. this was after he had been in the office for four years and i had an opportunity to speak with the president
of millions of dollars in new tax revenue. they understand what is important and how to build along the water front in the right way. the chamber supports this development and we urge you to approve the term sheet. thank you. >> some 6 or 7 months before i went on a tour to europe, i was surfing the internet and came across a similar project. i don't know if it's the same project, is it? it might be. so anyway, i invited phil to come to my office and brought some developers that i work with and invited jackson and a few others to have a dialogue. see, what you see here is you see the number of constituents, people that are in the construction business, all say some very positive thing about this project. the reason is very simple. when you reach out to the constituents, when you reach out to those that participate in the deliberations, most things fall in place. so having said that, i would like the developers to focus on demographics. and i would like them to focus on our seniors. i have visited some countries in europe and i'm very much impressed how they take care of our seniors. i haven
. these are the risks we take. there are no guarantees in life. but taxes and the government is going to be there. and you can't escape your taxes or a lawyers bill or doctors bill. but in the interest of fairness so we are all on the same page so it would significantly reduce possible lawsuits, let's be on the same page and wait until we have decided what we will do with sequel. i know sir daniel would like that. thank you very much. >> additional public comment? okay. public comment is closed. commissioner moore. >> i appreciate the public weighing in and make comments and need to be carefully thought and answered and i would appreciate the thorough work. which is sometimes hard to understand when you just read the policy statement on its own without fully seeing the background. the suggestion i would like to make is when you speak about 190 projects for the last 8 years of which 85 which i think is a very good number since we have such a great depression are built under construction which leaves some without permits. i would say when my drivers license expires, i just can't drive. i'm looking
? this is the fifth time. we pay our taxes. >> yes, ma'am. you see, this is a bad situation. when private property is vandalized innocent people are stuck with the expense of fixing it and when public property is fixed, tax dollars are spent cleaning it up instead of providing other services to the public. you want to know who's doing it? >> yes. >> (music). >> hey, check this out. i think that's ed. >> what you got? let me see. that you? >> what have you got? >> no way, man. >> no way, man. >> don't nobody believe you. if you are x, prove it. >> hey, sure looks like it to me . >> oh, man, he's x >> let me see. well, well, well, can this be true. little danny plimpton is the infamous x how can they be, danny boy? why x, you trying to be malcolm x or dmx or racer x or something. >> my first name is xavier daniel plimpton. >> how did you get to the walking bridge on i-5. >> and the fire station over on 14th, how did you get all the way up there. >> didn't i tell y'all? spiderman is my cousin. >> man, i don't believe you. >> so the infamous x, serious, i don't know x, i seen that tag before. se
will be taxed. was lesss everybody than a certain amount of money in the bank will pay a one-time tax. anyone who has more than that in savings will pay 9.9%. someone with $150,000 in the bank will be forced to give the government nearly $15,000. cyprus is the third eurozone country to receive a financial lifeline, but the first to dip into people's savings to pay for it. >> it is a lose lose situation. there will be a huge deposit withdrawal, with or without a levy. >> the deal still requires the approval of parliament and it is not just cyprus it should be worried. 40% ofers account for bank deposit, and most of them are from nonresident russians. those alone amount to more than $32 billion. >> russian public opinion has a contradictory approach. on one hand, they're very happy because they believe that a businessman who puts his money to cyprus banks and not honest not honest -- businessman. >> cyprus may well default in may, and crash out of the euro. >> the president was quite drastic in his speech, saying it was the blackmail of the if he did not do this, he would have had to exit the e
, and more pay for temporary staff. they're planning to raise taxes on top-tier earners. or member the victims of the earthquake and tsunami two years ago -- remembered the victims of the earthquake and tsunami two years ago. earth6 exactly, the shook. 19,000 people died. >> my mother is still missing. it's been two years now, but it feels as if it just happened. man and his wife pledge tributes to those who lost their lives. he said japan would never forget. >> i think the only way to help the victims rest in peace is by accelerating reconstruction and by supporting the survivors. >> more than 300,000 people are still living in temporary accommodation. reconstruction work has been stalling. the fukushima nuclear disaster has contaminated huge swathes of .and on monday, the main suspect in the rape and murder of a young woman in a daily bus last december was found dead in his cell. -- delhi bus last december was found dead in his cell. officials say he hung himself with his own clothes. his family claims he was murdered. roman catholic cardinals began the process of electing a new
tax year 2009. the agency says more than 984,000 americans have yet to file their 2009 returns. the irs says if you want to get any money back from returns in 2009 now is the time to do those taxes. 2009 tax returns must be submitted by april 15th of this year too get your refund. otherwise the money is handed over to the u.s. treasury. >>> all right, ticketed for tailgating. what a recently cited sheriff is now saying about his citation. >>> plus, the grand princess has finally left san francisco on its maiden voyage. how the cruise ship is expected to help the city over the next year? >>> plus a car-wash for a cause. the fundraiser to help the family i of a young woman found dead on caltrain tracks. >>> we have more developing news coming into the ktvu channel 2 news newsroom and it comes to us from the sierras, where a search is underway right now at a popular ski resort for a missing bay area man. 45-year-old david hanholt of los gatos is reported missing by frens friends at squaw valley of the placer county sheriff is now involved in the search. a crusship that makes san f
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